Technical analysis of Major Markets, F/X, and anything that can be traded
This is my diary for trading
Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.

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Mood!

Monday, March 26, 2012

Where are we part 2

Continuing from the previous post, "Where are we?" the markets have rallied after falling last week.

So is this the push to new highs? Or a small push higher, and then a bigger fall? (In Elliott wave terms , the fall last week could be an "a", the rally today the start of a "b" wave and if we get a new decline a "c" wave, which would form a larger 4th wave..
look at the 1 hour DAX chart